15 November 2011
15 November 2011
Siemens is to expand its industrial software portfolio with the acquisition of Vistagy.
Siemens explain that an agreement to this effect was signed in early November and they say the acquisition allows Industry Automation, a Division of the Siemens Industry Sector, to continue to enhance its position as supplier of industrial software. Siemens say the transaction is subject to customary approvals, and is expected to close before the end of 2011.
According to Siemens, composite materials will continue to experience more widespread use – primarily in the automotive and marine industries – as the complexity and time required for developing and producing composite structures is reduced. This is Siemens' aim by adding industry-specific engineering software to its industrial software portfolio for Product Lifecycle Management (PLM). With the acquisition of Vistagy, Siemens explain they will become the only company worldwide to support the whole value creation for carbon fibre components with its software tools – from product definition and development to manufacturing and service.
“Advanced software solutions tailored to specific industry requirements are vital for companies to achieve the next level of performance in their products. This type of industry focus will be the differentiating factor for success in the industry software market,” said Anton S. Huber, CEO of the Siemens Industry Automation Division. “The planned integration of our PLM Software business with Vistagy’s universally acknowledged expertise in industry-specific software, such as composites, will make us the partner of choice in this market today and well into the future.”
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